Starting in April 2025, millions of Social Security beneficiaries will see an increase in their monthly payments due to legislative changes that impact both payment amounts and eligibility criteria. These updates could mean extra money in your pocket, but understanding how they work is key to making the most of your benefits. Here’s everything you … Read more
The annual cost-of-living adjustment (COLA) is designed to help retirees keep up with inflation. However, the 2025 COLA is the smallest in years and falls short of covering rising costs. Here’s what retirees need to know about how this impacts their finances in February and beyond. COLA Formula Since 1975, Social Security benefits have been … Read more
Millions of retirees celebrated after former President Joe Biden signed the Social Security Fairness Act into law. This new legislation aims to increase Social Security benefits for over 3.2 million retirees and spouses by eliminating two controversial provisions. However, retirees expecting an immediate financial boost just learned there’s an unexpected delay in receiving their benefits. … Read more